Vector sells half of metering business for $1.7b
The lines company has reached a conditional agreement with Queensland-based investment manager QIC.
A Vector smart meter.
Energy lines company Vector is to sell half of its metering business to Queensland government owned QIC Private Capital for $1.74 billion.
The conditional deal, which is supported by Vector’s 75% shareholder Entrust, is expected to be completed in the second quarter of 2023.
It places an enterprise
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